Average Rent in Richardson, TX

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Current Versus Historical Richardson, TX Rents

Richardson rentals average $4,166 for a studio rental to $2,900 for a 4-bedroom rental. The median price of all currently available listings is $2,500, or roughly $2 per square feet.
For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $2,805 (206.02%) year-over-year from $1,361 to $4,166. 1-bedroom rentals prices have increased by $618 (41.63%) year-over-year from $1,484 to $2,102. 2-bedroom rentals prices have increased by $619 (29.82%) year-over-year from $2,074 to $2,693. 3-bedroom rentals prices have decreased by $10 (-0.40%) year-over-year from $2,498 to $2,488. 4-bedroom rentals prices have decreased by $165 (-5.38%) year-over-year from $3,065 to $2,900. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 131.10% this month. 1-bedroom rents have gone up by 22.95% this month. 2-bedroom rents have gone up by 16.86% this month. 3-bedroom rents have gone down by 4.11% this month. 4-bedroom rents have gone down by 1.97% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $8.20 $4,166 $1,361 (206.02%) $1,307 (218.75%)
1 BR $2.10 $2,102 $1,484 (41.63%) $1,636 (28.47%)
2 BR $1.74 $2,693 $2,074 (29.82%) $2,194 (22.73%)
3 BR $1.56 $2,488 $2,498 (-0.40%) $2,394 (3.90%)
4+ BR $1.37 $2,900 $3,065 (-5.38%) $2,985 (-2.85%)

Historical Rents in Richardson, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Richardson

There are a total of 7 cities nearby Richardson. The average rent in Richardson is currently $2,475 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Garland, TX, with an average rent of $2,100, is the most affordable city nearby. In contrast, the most expensive city near Richardson, TX is University Park, TX. Monthly rents here are on average $4,500 per month.

Let's compare Richardson, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in Richardson, TX is 61.59% more expensive than other cities nearby. One bedrooms are about 31.16% more expensive. Two bedrooms in Richardson, TX are about 5.26% more expensive. Finally, rent for three bedrooms are about 6.25% more expensive. Want more information? Check out the top 7 cities near Richardson, TX in the following chart.
City Studio 1 Bed 2 Bed All
Garland, TX $1,600 $1,100 $1,595 $2,100
Rowlett, TX $2,249 N/A $1,525 $2,300
The Colony, TX $463 N/A $1,600 $2,350
Wylie, TX $1,500 N/A $1,800 $2,475
Carrollton, TX $3,050 $1,425 $2,198 $2,600
Plano, TX $2,550 $1,350 $1,995 $2,695
University Park, TX N/A $1,750 $3,075 $4,500

Top Neighborhoods Near Richardson

There are a total of 1 neighborhoods in or near Richardson. We've included all of these top 1 neighborhoods in or near Richardson, TX in the following chart.

The average rent for these 1 neighborhoods in or near Richardson, TX is currently around $1,750 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near Richardson, Lake Highlands has the most affordable average rent at $1,750 per month. Whereas, at $1,750 average rent per month, Lake Highlands is the most expensive neighborhood in or near Richardson. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Lake Highlands, Dallas, TX $24 $998 $1,549 $1,750

Top Counties Near Richardson

There are a total of 1 counties located by Richardson, TX. The average rent for rentals in these counties is $2,693. That's roughly around $1 per sqft. The county that is the most affordable is Plano, TX. It's average rent per month is $2,650. Vice versa, with an average rent of $2,735, Carrollton, Lewisville, TX is the most expensive county by Richardson, TX.

Typically, rent for studios in Richardson, TX is 58.89% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Richardson, TX is 6.84% more expensive than other counties nearby. Finally, rent for two bedrooms in Richardson, TX is 12.50% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Plano, TX $1,825 $1,373 $1,975 $2,650
Carrollton, Lewisville, TX $1,600 $1,605 $2,300 $2,735

Top Zipcodes Near Richardson

There are a total of 15 zipcodes in or near Richardson, TX. The average rent for all of these zipcodes is $2,540. A total of 7 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 75231, Dallas, TX at $1,523 per month. In comparison, the zipcode with the most expensive average rent of $3,000 per month is 75230, Dallas, TX.

Studios in these zipcodes have an average rent of $2,100. That's at least $0 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Richardson, TX is $1,223 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,850 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Richardson, TX. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
75098, Wylie, TX $1,750 N/A $1,800 $2,500
75243, Dallas, TX $7,100 $900 $1,499 $1,549
75023, Plano, TX $2,220 N/A $1,895 $2,400
75056, Lewisville, TX $463 $1,595 $2,200 $2,598
75024, Plano, TX $2,100 N/A $2,325 $2,973
75043, Garland, TX $2,100 $1,223 $1,598 $2,100
75074, Plano, TX $3,500 $1,373 $1,700 $2,295
75080, Richardson, TX $4,000 N/A $1,700 $2,550
75007, Carrollton, TX $2,475 $1,625 $2,200 $2,540
75231, Dallas, TX $1,202 $1,280 $1,700 $1,523

Frequently Asked Questions - Richardson Average Rents

What is the average rent price in Richardson, TX?
The average monthly rental price for Richardson, TX apartments for rent is approximately $2,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Richardson, TX rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Richardson, TX.
How much is a studio apartment in Richardson, TX?
The average monthly rental price for studio apartments is $4,166 and an average price per square feet of $8.20. There are a total of 11 studio apartment listings currently available for rent in Richardson.
How much is a one bedroom apartment in Richardson, TX?
The average monthly rental price for one bedroom apartments is $1,598 and an average price per square feet of $2.10. There are a total of 3 one bedroom apartment listings currently available for rent in Richardson.
How much is a two bedroom apartment in Richardson, TX?
The average monthly rental price for two bedroom apartments is $1,900 and an average price per square feet of $1.74. There are a total of 29 two bedroom apartment listings currently available for rent in Richardson.
How have rent prices in Richardson, TX changed this year?
Rent prices for rentals in Richardson, TX can fluctuate yearly. Specifically, studio rental prices have changed by 2.06%, one bedroom rental prices have changed by 0.42%, two bedroom rental prices have changed by 0.30%, and three bedroom rental prices have changed by 0.00% year-over-year.
What is a reasonable rent price in Richardson, TX?
A reasonable rent price in Richardson, TX is around $2,000/month. You can search for these reasonably priced rental listings on RentHop.
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